ShotTracker raises $10.4M round featuring former NBA Commissioner David Stern
May 16, 2018 | Bobby Burch
Merriam-based ShotTracker is fueling its global expansion via a large funding round featuring several high-profile investors.
The sports tech company announced Wednesday that it raised a $10.4 million Series A financing round led by Ward.Ventures, NBA commissioner David Stern and two-time National League home run champion, Ryan Howard. The round also includes Greycroft, Elysian Ventures, KC Rise Fund, Irish Angels and SeventySix Capital.
ShotTracker co-founders Davyeon Ross and Bruce Ianni.
The injection of new capital brings ShotTracker’s total funding to more than $21 million, which includes an investment by NBA legend, Earvin “Magic” Johnson.
ShotTracker’s TEAM system tracks multiple players with an array of sensors — secured to each player, within each Spalding basketball, and in the rafters — plotting the games’ shots in real time.
ShotTracker will use the funding for growth and scalability to increase installations in courts around the United States and to solidify global partnership opportunities, said Davyeon Ross, co-founder and COO of ShotTracker.
“This additional funding allows ShotTracker to execute on its vision and accelerate the proliferation of our product across the market,” said Ross. “Whether you’re a fan, a player, a coach, a broadcaster or a market maker – ShotTracker is changing the overall experience of the game. There are significant changes happening in sports and ShotTracker is poised to capitalize on those industry changes with its real-time data.”
In March, the company released its new ShotTracker fan app for the Division 1 NAIA basketball tournament. The app combines real-time analytics with augmented reality in a first-of-its-kind fan engagement tool that displays game and player information on fans’ smartphones.
ShotTracker recently earned a bronze Edison Award in the category of “Digitized Data.” The tech is being used by the University of Kansas, the University of Oklahoma, TCU, Baylor and several other top collegiate basketball programs.
ShotTracker was co-founded by Ross and Bruce Ianni. To learn more about the firm, check out the video below.
2018 Startups to Watch
stats here
Related Posts on Startland News
Events Preview: Second Friday at Village Square
There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Weekly Events Preview Focus on Yourself in the New Year: Expert Panel Discussion on Career Advancement for Marketing Communicators When: Jan. 10,…
Top 10 Kansas City startups to watch in 2017
Kansas City witnessed one of its biggest startup successes in 2016 with EyeVerify’s massive exit. Stories like this bring Kansas City’s potential to the foreground. It validates that not only building a wildly lucrative business is possible but also that the area community can help make it possible. While undoubtedly a triumph, EyeVerify is but…
Mid-America Angels invested $3.6M in record-breaking 2016
For the second consecutive year, the Mid-America Angel Network posted a record-breaking year of investing. In 2016, the Kansas City-based network invested $3.6 million via 15 deals in startups, topping its 2015 totals of $2.8 million in nine investments. “What you see here is the result of several years of work, not just one,“ MAA…
Digital Sandbox’s newest cohort: Hip hop health startup, moving app
Digital Sandbox KC on Friday announced its support of two new Kansas City tech firms. Led by entrepreneur Jeff Shackelford, the Kansas City-based incubator welcomed H3TV and MovinHouz to its program. Digital Sandbox invests up to $25,000 in area businesses for specific projects that help the firms secure additional funding. The organization has now supported…